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2Lun
@1fawadshah I bought first time. Reason why I am not scared at all to buy at an ATH is simple: Research after research has proven time and time again that "time in the market" beats "timing the market" every time. In other words: Buying at ATH showed better results than waiting for the right time. Reason is again simple: More than often the price develops higher before it pulls back (but still higher than the previous ATH), so you buy higher in the end.
Of course, I only buy stocks that I have come to the conclusion that they will be doing fine over years to come.
Google "time in the market vs. timing the market" and you will find loads of information on the topic.
Also: I am in for the game long time. A *very* long time. 10 years is the plan for now.
Of course, I only buy stocks that I have come to the conclusion that they will be doing fine over years to come.
Google "time in the market vs. timing the market" and you will find loads of information on the topic.
Also: I am in for the game long time. A *very* long time. 10 years is the plan for now.
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•Thank you @Charmin for taking time to explain this 🙏
Timing the market is something I am currently putting a lot of focus on, may not be a right thing to do specially when my strategy is long term, I have to do more readings about this.
Actually, I had $PLTR, I sold it (with the intension to buy again at the correct valuation) when I was about 36% up, now in a hindsight, it doesn’t look like a wise decision but there were 2 things I had in mind; the profit I planned for Palantir, I got more than that and secondly, when Palantir was going to be included in S&P 500 I came across of this McKinsey’s research paper.
I would highly recommend reading it, yet to be proven to be correct in Palantir’s case but let’s see.
(80 days test period, 20 before and 60 after the effective date of inclusion)
https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Strategy%20and%20Corporate%20Finance/Our%20Insights/What%20is%20stock%20index%20membership%20worth/What_is_stock_index_membership_worth.pdf
Timing the market is something I am currently putting a lot of focus on, may not be a right thing to do specially when my strategy is long term, I have to do more readings about this.
Actually, I had $PLTR, I sold it (with the intension to buy again at the correct valuation) when I was about 36% up, now in a hindsight, it doesn’t look like a wise decision but there were 2 things I had in mind; the profit I planned for Palantir, I got more than that and secondly, when Palantir was going to be included in S&P 500 I came across of this McKinsey’s research paper.
I would highly recommend reading it, yet to be proven to be correct in Palantir’s case but let’s see.
(80 days test period, 20 before and 60 after the effective date of inclusion)
https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Strategy%20and%20Corporate%20Finance/Our%20Insights/What%20is%20stock%20index%20membership%20worth/What_is_stock_index_membership_worth.pdf
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2Lun
@1fawadshah I think you can stop trying to time the market because of what I laid out before.
I already did my research on $PLTR – that's why I bought it.
I already did my research on $PLTR – that's why I bought it.
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@Charmin I agree!☝️
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1Lun
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